Enormous potential30 Jun 2019 11:09
Saudi Arabia's maritime network is unrivalled in the Middle East, handling a capacity of approximately eight million twenty-foot equivalent containers per year and receiving 11,000 ships annually through 10 primary harbours. Saudi ports dominate the regional transit market, handling more than 90 percent of Red Sea trade transits and 30 percent of East African trade transits.
"There are currently 28 airports in the Kingdom, six are international, nine are regional and 13 are domestic. Three of its airports are amongst the busiest in the GCC, transporting the bulk of the 82 million passengers who pass through the Kingdom on a yearly basis.
Having read both last weeks RNS after signing the Saudi deal, and the next RNS converting into the value of what is in front of us my opinion is that the market cap will be more like £100 m than the meagre £20 milllion when the deals are translated into WSG potential for 2019 and beyond IMO.